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Cassels Represents the Underwriters in Osisko Mining’s $76.4 Million Private Placement


On September 18, 2018, Osisko Mining Inc. completed a bought deal brokered private placement of 27,046,031 common shares that qualify as flow-through shares and 3,823,000 common shares at a price of $1.70 per common share for aggregate gross proceeds of approximately $76.4 million, including the exercise in full of the underwriters’ option.

The flow-through shares were issued in two tranches, whereby the first tranche consisted of 14,035,088 flow-through shares at a price of $2.85 per flow-through share and the second tranche consisted of 13,010,943 flow-through shares at a price of $2.30 per flow-through share.

The offering was led by Canaccord Genuity Corp. on behalf of a syndicate of underwriters that included Haywood Securities Inc., Macquarie Capital Markets Canada Ltd. and National Bank Financial.

Cassels acted for the underwriters with a deal team that included Chad Accursi and Randall Blom (Securities and Mining) and Chris Norton (Tax).

RELATED EXPERTISE: Securities | Mining | Taxation